QROPS interest grows following UK pension ‘frustrations’
Advisers have reported a growing interest in QROPS as expats grow increasingly “disappointed and frustrated” with the inability of UK providers to accommodate April’s pension freedoms.
ABI
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Industry figures assess ABI plan to cull pension advice safeguards
Senior industry figures have agreed that the regulatory and legal requirements around the new pension freedoms pose a problem for policyholders, but are split on the ABI urging the UK Government to scrap paid advice for those with guaranteed annuity rates.
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ABI urges UK Gov’t to scrap pension advice safeguards
The Association of British Insurers (ABI) has urged the UK government to drop the need for pension holders with guaranteed annuity rates to pay for advice.
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ABI calls on FCA for advice re-evaluation
Huw Evans, director general at the Association of British Insurers (ABI), has called on the UK’s Financial Conduct Authority to re-assess the difference between advice and guidance in order to support a wider range of UK consumers.
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ABI warns UK is not ready for pension reforms
The UK government’s failure to clarify fundamental details around pension reforms has left the industry unprepared for the changes, according to the Association of British Insurers.
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IMA rebrands as the Investment Association
The Investment Management Association (IMA) has rebranded as the Investment Association to echo its wider remit with the incorporation of a new division.
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Annuity sales drop by a third following
Annuity sales have fallen by more than a third over the first and second quarter of 2014, confirming a lessening use of the product following the pension reforms announced in this years Budget.
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Legal and General terminates ABI membership
Legal & General is to leave the Association of British Insurers, claiming the insurance industry is becoming decreasingly suited to uniform representation from a single trade body.
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Axa ceo takes over as abi chairman
UK chief executive of France-headquartered group Axa Paul Evans is to be the next chairman of the Association of British Insurers.
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Skandia adds weight to concerns over providers
Skandia has become the latest company in a growing group to question the suitability of providers in delivering the guidance guarantee announced in this years Budget, describing the idea as counter-productive.
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IMA and ABI to complete merger switch chairman
The Investment Management Association and the Association of British Insurers are set to complete their merger on 30 June and will become The Investment Association.
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ABI branded unfair for doubting
A senior figure at Fidelity Worldwide Investment has criticised the Association of British Insurers (ABI) for its unfair claim that providers are not a suitable choice to deliver the guidance guarantee announced in this years Budget.